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Car Loans for You

It's quick and easy to find the best car loans in Canada with Borrowell! See recommended loans for you based on your credit profile.

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Finally, time to upgrade your car? We'll help find the best car loan for you based on your unique credit profile.

Sign up, get your free credit score and we'll analyze your profile to show you personal loan offers.

Quick & Easy Loan Process

Sign up with Borrowell in just under three minutes

Sign Up & Get Your Score

Sign up and get your free Equifax credit score in just 3 minutes. Your credit score is updated on a weekly basis, and checking your score won't hurt it!

Check offers and select your personal loan offer.

Check Rates & Choose Your Offer

Your credit profile is automatically matched with the best loan products for you. Select your offer and complete the online application through the platform.

Get Your Money from personal online loans within 48 hours

Get Your Money

Once you are approved through loan partners, you can usually get access to funds in a matter of days.

Car Loan FAQs

630 is the typical credit score needed for a car loan. When you're applying for a car loan, you'll qualify for the best rates from lenders if your credit score is above 630.

If you have below average credit between 575 and 630, your car loan options may be more limited. If you have poor credit below 575,  you’ll have trouble getting approved for regular car loans. You may need to find a lender that specializes in working with individuals with poor credit. 

You can use Borrowell to find lenders that match your credit profile, even if your credit score is below 630.

Yes, a car loan can help your credit score. Three main factors that impact your credit score are your payment history (your ability to pay bills on time), your credit history (how long you've had credit accounts open for), and your credit mix (the different types of credit accounts you have open). Managing a car loan responsibly can help you demonstrate a strong payment history, build a long credit history, and diversify your credit mix.

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Learn More On The Well

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Can I get a Debt Consolidation Loan with Bad Credit?

A debt consolidation loan can be a great option if you're managing multiple debts. If you have bad credit, you can likely still qualify for a debt consolidation loan, but your options will be more limited.

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How Does Debt Consolidation Affect My Credit Score?

How Does Debt Consolidation Affect My Credit Score?

Debt consolidation can help you lower your monthly payments and get out of debt sooner, but you should be aware of how it impacts your credit score. Applying for debt consolidation loans can cause a temporary dip in your credit score, but making on-time payments towards a debt consolidation loan can help you increase your credit score in the long-term. In summary, debt consolidation can help you build your long-term credit score when used properly.

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Sep 22, 2020

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How to Get out of Debt on a Low Income

How to Get out of Debt on a Low Income

Paying off debt is never easy. Credit card debt, car loans, and student debt all add up and can be challenging to pay off – especially if you have a low income. If you’ve found yourself with debt on a low income, here’s a step-by-step guide to paying off that debt for good and improving your personal finances. In addition to the guide below, you’ll also find debt consolidation options for low-income earners.

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